Nationally house prices have risen pretty constantly, which means that mortgages are getting bigger. The median house price in CAMBERWELL, 3124 is already $2,065,000, which makes it the number 14th in VIC on a list ordered by most expensive. Make sure that you get good CAMBERWELL mortgage broker to look for the best deal.
VIC has seen an average of 4149.07% rowth over the last 5 years. This means that with well above the state figure, CAMBERWELL, 3124 figure of 391 represents a 19928.00% change.
CAMBERWELL 3124 homeowners are paying around 36.17% more than they were at the time of the 2006 census. This means local mortgage brokers’ clients are having to pay about the same as the median average increase of VIC which is 35.71%.
Although an increase in household income doesn’t necessarily mean more disposable income, over the 5 year census period, mortgage holders in CAMBERWELL, 3124 should have seen some difference. While the latest census median annual household figure income is now $110,344, it was $86,730 back in 2006, which is a net increase of $23,613 Subtract from that the median mortgage repayment increase of $7,968 and a mortgage broker’s clients could be up to $15,645 better off each year even without factoring in mortgage rate cuts.